Pirelli : Priorities broadly unchanged after 2020
>CMD with no major shifts, apart from possibly on Capex - Pirelli’s CMD yesterday was an opportunity for the group to unveil its new medium-term strategy after the upheaval of 2020. As we anticipated, management is continuing on the road set out last year before the crisis (CMD of 19 February 2020) and focused at length on cost reductions but also its ability to improve at last its FCF generation (despite the increased capex) and therefore to deleverage, while pressin...Pirelli & Co. is a holding company that manages, coordinates and finances the operations of its subsidiaries, which are mainly active in the tyre sector. Other activities relate to the emissions control technologies, renewable energy sources and fashion industries. Co.'s Total Tyre Business is split into: the Consumer Business segment that includes car and motorcycle tyres made for both the original equipment and replacement markets; and the Industrial Business segment that includes truck tyres, tyres for agricultural equipment, made both for the original equipment and replacement markets, and the steel cord business.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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